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The Australian share market is tipped to rise but economists remain wary of the coronavirus volatility that ensured global equities ended the week on a sour note.

The SPI200 futures contract was up 46 points, or 0.91 per cent, at 5,079.0 points at 0700 AEDT on Monday, suggesting local stocks will gain at the open of markets.

The S&P/ASX200 benchmark index finished Friday down 86.8 points, or 1.68 per cent, having also been tipped to rise in early trade.

Despite recording back-to-back sessions in the red, the bourse still rose 4.6 per cent over the five sessions for its best weekly gain since December 2011.

Wall Street’s main indexes fell more than 1.5 per cent on Friday after US employment showed a worse-than-expected drop in jobs amid the COVID-19 pandemic.

CommSec chief economist Craig James at the weekend said the US market, and the expected raft of news about COVID-19 on Monday, would continue influence Australian shares.

One Australian dollar was buying 60.15 US cents on Monday, down from 60.63 US cents at the close of market on Friday.